– |The deadline for the auction of 27,257,2004 unclaimed right shares has been extended by Excel Development Bank (EDBL).


The deadline for the auction Excel Development Bank Limited’s ordinary shares has been extended. is the portion of the rights offering that has yet to be claimed. The auction began on the 29th of Mangsir and was scheduled to end today, on the 7th of Poush, 2078. The auction organizer has added an extra day for bids because the government has proclaimed a public holiday in Kathmandu on Sunday, and the issue will complete tomorrow, on the 8th Poush.

A total 27,257,042 shares will be auctioned. Individuals and institutions alike are welcome to participate in the auction.

The auction’s minimum rate is Rs. 100. The shares no upper limit, the fact that the minimum quantity is 100 units. can for the entire issue, however they must adhere to the Nepal Rastra Bank’s guideline not exceeding the specified number of shares per business.

The auction manager has been named NIBL Ace Capital.

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